Market Overview:
The global socket weld ball valves market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for socket weld ball valves from various end-use industries, such as chemical and petrochemical industries, oil and gas industries, and others. In addition, the growing demand for energy across the globe is also fueling the growth of this market.
Product Definition:
Socket weld ball valves are valves that use a socket weld to join the valve body to the pipe. Socket welds are created when two pieces of metal are joined by creating a small recess, or socket, in one piece of metal and then mating it with another piece of metal with a protrusion, or plug. The resulting joint is very strong because both pieces of metal are essentially melted together.
1 Piece:
1 piece is a complete unit that includes stem, seat, and nut. It's the basic component in any valve or fitting. The growth factor for 1 piece can be attributed to its widespread usage in various applications such as water & wastewater treatment plants; chemical processing industries; oil & gas refineries; food & beverage processing facilities among others.
2 Piece:
2 piece is a type of valve that consists of two separate components, which are used in applications where the flow must be controlled and/or where there is a possibility of pieces getting lost. The 2-piece ball valves have gained wide acceptance in industrial markets as they provide several advantages over conventional 1-piece valves including less likely to leak, better sealing due to built-in detentes, and easier assembly & disassembly.
Application Insights:
The chemical and petrochemical industries application segment accounted for the largest revenue share in 2017. The growth is attributed to rising demand from various end-use industries, such as oil and gas, power generation, pulp and paper industry. Socket weld ball valves are used in multistage pipelines where a small flow rate changes at each stage of pipeline can cause large fluctuations in pressure which requires precise control during operations. These valves are designed with features like programmable limit switches that protect the equipment from damage due to low-pressure conditions along with enabling smooth operations at high pressures.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, with a CAGR of XX% from 2018 to 2030. The growth can be attributed to the increasing demand for socket weld ball valves in countries such as China and India owing to their rapidly expanding chemical and petrochemical industries. In addition, rising oil & gas production in countries such as China, India, Indonesia, Vietnam and South Korea is anticipated to drive product demand over the forecast period.
The Middle East & Africa accounted for 18% of market share in 2017 due its large oil reserves which are still unexplored by any major players onshore or offshore making it an attractive destination for exploration activities by various companies including Total SA; ExxonMobil Corp.; Royal Dutch Shell Plc among others which will boost product demand over next eight years.
North America was valued at USD X million in 2017 owing its growing number of chemical manufacturing units mainly located in U S A.
Growth Factors:
- Increasing demand from oil and gas industry: The oil and gas industry is the key end-user of socket weld ball valves. With the increasing demand for energy, the global oil and gas market is expected to grow at a CAGR of 3.5% during 2016-2021. This will lead to an increase in demand for socket weld ball valves from the oil and gas industry, thereby driving the growth of the Socket Weld Ball Valves market.
- Rising investments in infrastructure: There has been a rise in investments in infrastructure projects across emerging economies such as India, China, Brazil, etc., over the past few years. This is expected to continue in future as well, owing to which there will be an increase in demand for various types of valves including socket weld ball valves used in various infrastructure projects such as water treatment plants, power plants, etc.
- Growing popularity of smart cities: A number of governments around the world are investing heavily towards developing smart cities that are equipped with advanced technologies and systems such as IoT (Internet of Things), Big Data Analytics & Artificial Intelligence (AI). These systems require advanced valve solutions such as socket weld ball valves for efficient functioning thus leading to their growing popularity among municipalities worldwide which will drive growth prospects for this market during forecast period 2016-2021 .
Scope Of The Report
Report Attributes
Report Details
Report Title
Socket Weld Ball Valves Market Research Report
By Type
1 Piece, 2 Piece, 3 Piece
By Application
Chemical and Petrochemical Industries, Oil and Gas Industries, Others
By Companies
Cameron, Sankey Controls, Kirloskar Brothers, Haitima, Powell Valves, Johnson Valves, Fortune Valve, CF Valves, Pekos Valve
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Socket Weld Ball Valves Market Report Segments:
The global Socket Weld Ball Valves market is segmented on the basis of:
Types
1 Piece, 2 Piece, 3 Piece
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical and Petrochemical Industries, Oil and Gas Industries, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cameron
- Sankey Controls
- Kirloskar Brothers
- Haitima
- Powell Valves
- Johnson Valves
- Fortune Valve
- CF Valves
- Pekos Valve
Highlights of The Socket Weld Ball Valves Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 1 Piece
- 2 Piece
- 3 Piece
- By Application:
- Chemical and Petrochemical Industries
- Oil and Gas Industries
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Socket Weld Ball Valves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Socket Weld Ball Valves are a type of valve that uses socket welded balls to create a seal. They are commonly used in industrial applications where high pressure and temperature conditions are common.
Some of the major players in the socket weld ball valves market are Cameron, Sankey Controls, Kirloskar Brothers, Haitima, Powell Valves, Johnson Valves, Fortune Valve, CF Valves, Pekos Valve.
The socket weld ball valves market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Socket Weld Ball Valves Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Socket Weld Ball Valves Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Socket Weld Ball Valves Market - Supply Chain
4.5. Global Socket Weld Ball Valves Market Forecast
4.5.1. Socket Weld Ball Valves Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Socket Weld Ball Valves Market Size (000 Units) and Y-o-Y Growth
4.5.3. Socket Weld Ball Valves Market Absolute $ Opportunity
5. Global Socket Weld Ball Valves Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Socket Weld Ball Valves Market Size and Volume Forecast by Type
5.3.1. 1 Piece
5.3.2. 2 Piece
5.3.3. 3 Piece
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Socket Weld Ball Valves Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Socket Weld Ball Valves Market Size and Volume Forecast by Application
6.3.1. Chemical and Petrochemical Industries
6.3.2. Oil and Gas Industries
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Socket Weld Ball Valves Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Socket Weld Ball Valves Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Socket Weld Ball Valves Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Socket Weld Ball Valves Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Socket Weld Ball Valves Demand Share Forecast, 2019-2029
9. North America Socket Weld Ball Valves Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Socket Weld Ball Valves Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Socket Weld Ball Valves Market Size and Volume Forecast by Application
9.4.1. Chemical and Petrochemical Industries
9.4.2. Oil and Gas Industries
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Socket Weld Ball Valves Market Size and Volume Forecast by Type
9.7.1. 1 Piece
9.7.2. 2 Piece
9.7.3. 3 Piece
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Socket Weld Ball Valves Demand Share Forecast, 2019-2029
10. Latin America Socket Weld Ball Valves Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Socket Weld Ball Valves Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Socket Weld Ball Valves Market Size and Volume Forecast by Application
10.4.1. Chemical and Petrochemical Industries
10.4.2. Oil and Gas Industries
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Socket Weld Ball Valves Market Size and Volume Forecast by Type
10.7.1. 1 Piece
10.7.2. 2 Piece
10.7.3. 3 Piece
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Socket Weld Ball Valves Demand Share Forecast, 2019-2029
11. Europe Socket Weld Ball Valves Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Socket Weld Ball Valves Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Socket Weld Ball Valves Market Size and Volume Forecast by Application
11.4.1. Chemical and Petrochemical Industries
11.4.2. Oil and Gas Industries
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Socket Weld Ball Valves Market Size and Volume Forecast by Type
11.7.1. 1 Piece
11.7.2. 2 Piece
11.7.3. 3 Piece
11.8. Basis Point Share (BPS) Analysi by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Socket Weld Ball Valves Demand Share, 2019-2029
12. Asia Pacific Socket Weld Ball Valves Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Socket Weld Ball Valves Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Socket Weld Ball Valves Market Size and Volume Forecast by Application
12.4.1. Chemical and Petrochemical Industries
12.4.2. Oil and Gas Industries
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Socket Weld Ball Valves Market Size and Volume Forecast by Type
12.7.1. 1 Piece
12.7.2. 2 Piece
12.7.3. 3 Piece
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Socket Weld Ball Valves Demand Share, 2019-2029
13. Middle East & Africa Socket Weld Ball Valves Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Socket Weld Ball Valves Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Socket Weld Ball Valves Market Size and Volume Forecast by Application
13.4.1. Chemical and Petrochemical Industries
13.4.2. Oil and Gas Industries
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Socket Weld Ball Valves Market Size and Volume Forecast by Type
13.7.1. 1 Piece
13.7.2. 2 Piece
13.7.3. 3 Piece
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Socket Weld Ball Valves Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Socket Weld Ball Valves Market: Market Share Analysis
14.2. Socket Weld Ball Valves Distributors and Customers
14.3. Socket Weld Ball Valves Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cameron
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sankey Controls
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kirloskar Brothers
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Haitima
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Powell Valves
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Johnson Valves
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fortune Valve
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CF Valves
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Pekos Valve
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
